Tectonic Therapeutic (TECX) awards 20,400 stock options to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tectonic Therapeutic, Inc. reported that director Jessica Caroline Chutter received a grant of stock options covering 20,400 shares of common stock. The options have an exercise price of $29.10 per share and expire on June 7, 2036.
According to the vesting terms, one-third of the option shares will vest on June 8, 2027, with the remaining shares vesting in 24 equal monthly installments after that date, subject to Ms. Chutter’s continued service with the company. Following this grant, she holds 20,400 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chutter Jessica Caroline
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 20,400 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 20,400 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 20,400 options
Exercise price: $29.10 per share
Expiration date: June 7, 2036
+4 more
7 metrics
Options granted
20,400 options
Stock Option (Right to Buy) granted to director
Exercise price
$29.10 per share
Price to purchase common stock via options
Expiration date
June 7, 2036
Option term end date
Underlying shares
20,400 shares
Common stock underlying the options
Holdings after grant
20,400 options
Total derivative holdings following transaction
Initial vesting date
June 8, 2027
One-third of option shares vest
Remaining vesting schedule
24 monthly installments
After June 8, 2027, subject to continuous service
Key Terms
Stock Option (Right to Buy), exercise price, expiration date, vesting, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
exercise price financial
"conversion_or_exercise_price: "29.1000""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: "2036-06-07T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
vesting financial
"shares subject to the option shall vest on June 8, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
continuous service financial
"subject in each case to the Reporting Person providing continuous service"
FAQ
What insider transaction did TECX director Jessica Chutter report?
Director Jessica Caroline Chutter reported receiving a grant of stock options for 20,400 shares of Tectonic Therapeutic common stock. These are compensation-related options, not an open-market purchase or sale of existing shares.
What is the exercise price of the new TECX stock options?
The granted stock options have an exercise price of $29.10 per share. This is the price Ms. Chutter would pay to acquire Tectonic Therapeutic common shares if she exercises the options in the future.
When do Jessica Chutter’s TECX options start vesting?
One-third of the stock options will vest on June 8, 2027. The remaining two-thirds will then vest in 24 equal monthly installments, contingent on Ms. Chutter continuing to provide service to Tectonic Therapeutic.
How many TECX options does Jessica Chutter hold after this grant?
After this reported grant, Jessica Caroline Chutter holds 20,400 stock options directly. These options each relate to one share of Tectonic Therapeutic common stock, subject to the vesting schedule and the stated expiration date.
When do the newly granted TECX stock options expire?
The stock options granted to Jessica Chutter expire on June 7, 2036. If unexercised by that date, the options will lapse, and she would no longer have the right to buy Tectonic Therapeutic shares under this grant.